Wednesday 30 January 2019

Apple says iPhones were down 15% last quarter, but everything else was up 19%

Apple says iPhones were down 15% last quarter, but everything else was up 19%

Apple today shared its fiscal first-quarter revenue with shareholders. As investors feared and as previously warned, Apple posted revenue of $84.3 billion for the quarter ending in December, missing revenue expectations in the quarter by around $4 billion. CEO Tim Cook primarily credited macroeconomic conditions in China and their impact on iPhone sales in that region for the failure to meet expectations.
Read more: https://arstechnica.com/gadgets/2019/01/apple-says-iphones-were-down-15-last-quarter-but-everything-else-was-up-19/?source=Snapzu

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